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4676 Whittier Place Powder Springs, GA 30127

3 Beds 2 Baths 2,150 sqft Built 1971

$199,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $92.98
  • 3 Days on Market
  • MLS # : 6825654
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,150 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Awesome 4-Sided Brick Ranch On Full, Finished Basement. Spacious Kitchen With Eat-In Area. Living Room With New Flooring. Master Suite With Partial Bath. 2 Spacious Secondary Bedrooms. Full Bath On Main Level. Finished Basement Has Large, Open, Entertaining Area With Bar & Tile Floor. Close To Downtown & Airport. Don't Miss Out!

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Wasilla Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $72k216k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Wasilla Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290095010001050110011501200125013001350140014501500Rent in $8531509

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Powder Springs Elementary School Primary Regular 798 58 5
Cooper Middle School Middle Regular 899 53 8
Mceachern High School High Regular 2,239 122 6

Powder Springs Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 58
5
GreatSchools Rating

Cooper Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 53
8
GreatSchools Rating

Mceachern High School

  • Education Level: High
  • # of students: 2,239
  • # of teachers: 122
6
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$694
Property Tax -$217
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$301

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$199,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$35,759

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,400

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,441

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,3994$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 4676 Whittier Place Powder Springs, GA 5
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.65
    •  
  • 5374 Muirwood Place Powder Springs, GA 1
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1988
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 4100 Springoak Lane Powder Springs, GA 2
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1990
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.65
    •  
  • 5394 Telford Court Powder Springs, GA 3
    • 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1989
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.69
    •  
  • 4631 Seward Road Powder Springs, GA 4
    • 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1971
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.67
    •  
PROPERTY LISTING DETAILS
Julie L Bell
1.404.790.4680
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825654
Last Updated: 01/09/2021
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2017 First Multiple Listing Service, Inc.

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